Smith (A.O.) Corporation (NYSE:AOS) insider John J. Kita sold 8,958 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $60.78, for a total transaction of $544,467.24. Following the completion of the sale, the insider now owns 72,677 shares of the company’s stock, valued at $4,417,308.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Smith (NYSE:AOS) traded up $0.09 during trading hours on Wednesday, hitting $60.86. 1,211,851 shares of the stock traded hands, compared to its average volume of 1,010,570. Smith has a 1-year low of $46.44 and a 1-year high of $62.16. The company has a quick ratio of 1.92, a current ratio of 2.32 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $10,228.00, a P/E ratio of 29.16, a P/E/G ratio of 2.24 and a beta of 1.54.

Smith (A.O.) Corporation (NYSE:AOS) last posted its quarterly earnings data on Wednesday, October 25th. The industrial products company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Smith (A.O.) Corporation had a net margin of 12.18% and a return on equity of 22.42%. The business had revenue of $749.90 million during the quarter, compared to the consensus estimate of $741.28 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. research analysts forecast that Smith will post 2.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.56 annualized dividend and a dividend yield of 0.92%. Smith (A.O.) Corporation’s payout ratio is currently 27.45%.

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Several large investors have recently bought and sold shares of AOS. Janus Henderson Group PLC lifted its stake in shares of Smith (A.O.) Corporation by 49,147.8% during the second quarter. Janus Henderson Group PLC now owns 7,631,439 shares of the industrial products company’s stock worth $429,879,000 after buying an additional 7,615,943 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Smith (A.O.) Corporation by 27.6% during the third quarter. Wells Fargo & Company MN now owns 2,023,896 shares of the industrial products company’s stock worth $120,280,000 after buying an additional 438,063 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of Smith (A.O.) Corporation by 289.8% during the second quarter. Lord Abbett & CO. LLC now owns 550,241 shares of the industrial products company’s stock worth $30,995,000 after buying an additional 409,093 shares during the period. KBC Group NV lifted its stake in shares of Smith (A.O.) Corporation by 372.8% during the third quarter. KBC Group NV now owns 503,178 shares of the industrial products company’s stock worth $29,904,000 after buying an additional 396,752 shares during the period. Finally, Koch Industries Inc. acquired a new stake in shares of Smith (A.O.) Corporation during the second quarter worth $383,000. Institutional investors and hedge funds own 73.72% of the company’s stock.

Several brokerages have weighed in on AOS. Boenning Scattergood downgraded shares of Smith (A.O.) Corporation from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 25th. SunTrust Banks, Inc. restated a “buy” rating and issued a $65.00 target price on shares of Smith (A.O.) Corporation in a research note on Thursday, October 12th. Stifel Nicolaus restated a “hold” rating and issued a $59.00 target price on shares of Smith (A.O.) Corporation in a research note on Thursday, October 12th. Robert W. Baird restated a “buy” rating and issued a $64.00 target price on shares of Smith (A.O.) Corporation in a research note on Wednesday, October 4th. Finally, Zacks Investment Research downgraded shares of Smith (A.O.) Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Smith (A.O.) Corporation presently has an average rating of “Hold” and an average price target of $62.80.

Smith (A.O.) Corporation Company Profile

A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company’s Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products.

Insider Buying and Selling by Quarter for Smith (A.O.) Corporation (NYSE:AOS)

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